Could the US Sanction Canadian Banks Next? w/ guest Ben Rabidoux
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What is the current state of Canada’s housing market and is it bottoming?
Bonds will become attractive to us if we actually get a crisis moment. And that crisis moment will look like all central banks bailing out the government bond market on the short end and then credit or corporate credit gets hit really hard for liquidity reasons. It will not seem like the right thing to do at the time, but corporate credit would be unbelievably attractive.
What about the the tariff stuff? 'Cause apparently we're joining the EU. Um, we're gonna shift away from the US. It just seems like a lose lose.
It's pretty unnerving. It is very unnerving watching this progress and there's no getting around that this will be painful for Canada. And even Mark Carney was out just this week saying, Look, brace for pain.
The next big threat that's gonna come from the Americans with this trade war, they already announced hey, if anyone's doing business with Iran as a financial institution, you're in trouble, baby. We're gonna shut you down. If it really gets heated, the Americans with the Federal Reserve are gonna say, by the way, you no longer have an open swap line with the Fed. If you guys need US dollars, line up like everyone else and you have to come begging for them. And if that Were to happen. Canadian banks will just go wobble wobble. Like that's that's not a good scenario to be in.
The dirty secret is that no one's ever gonna get paid back or have the shortest memories when it comes to investment. We just gonna get keys into Bitcoin.
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Richard Diaz, Keith Dicker over in Halifax. We do have a third amigo joining us today. So for all of you haters, Mr Ben Rabido will be joining the show shortly thereafter. But um Rich, what's going on?
Sure, this is four amigos. Wouldn't that be four?
Well we have to do a mic check. So we have to do a mic check now before we keep going today. Looney hour man. What's up, Rich?
What's new?
Got
a nice white shirt on today?
I had a rough weekend. I went up north. Um, so I have this land which I love. Um and it's my dream to my my it's my dream to be a Laurentian elite, except to be useful and not useless. Um and uh And I and I go camping on my land and I was driving I have I have an old car that I bought. Many years ago. Uh and the car Is it a lot of right? Is it a lot of it? It's a Subaru.
It's a
Subaru. You would be driving a
Subaru.
And for anybody who's familiar with the internet and Reddit subcultures, I would It's uh it's a great car. I call her lazy Susan anyway. And um so the car started smoking. So like ha I s I got it I was in traffic for half an hour for like an hour, finally get starts getting out of traffic and then my car starts smoking.
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Chapters
6 chapters
1
What is the current state of Canada’s housing market and is it bottoming?
0:00–10:05
2
How are rising mortgage rates affecting borrowers and the renewal wave?
10:05–22:53
3
When might bonds become attractive again and what could trigger a bond rally?
22:53–34:03
4
What are the Bank of Canada’s rate‑hike expectations for the next 12‑18 months?
34:03–46:36
5
How are inflation expectations influencing monetary policy in Canada?
46:36–59:38
6
Which regional housing markets are showing weakness and which are still strong?
59:38–1:04:34